There is no intention to avoid the dollar

There is no intention to avoid the dollar; Reserve Bank Governor Shaktikanta Das has said that the dollar will continue to be the dominant currency.

There is no intention to avoid the dollar
US Dollar

At the World Economic Forum held in Davos, Shakti Kanta Das said,


Efforts to make the Indian rupee a global currency are not intended to bypass the dollar. Total dependence on a single currency can make global trade volatile. Due to this, demand for multiple currencies may arise.

RBI has been able to achieve monetary stability. This makes it suitable for foreign companies to invest in India and domestic companies to enter foreign markets. With India's increasing share in international trade,The economy is expanding. Gradually India has entered new markets, products and services.

Presently the aim is to provide the rupee as an alternative currency in international trade.

Apart from that, there is no intention to move the non-dollar position towards, The dollar will continue to be the dominant currency.

Top 10 Strongest Currencies, Rupee to US Dollar


Currency..Kuwaiti Dinar.. 270.10
US Dollar..3.25.,

Currency..Bahrain Dinar..220.61 USD...2.65.,

Currency..Omani Rial..216.00
USD 2.60

Currency..Jordanian Dinar...117.21 USD...1.41.,

Currency...British Pound..105.36 US Dollar..1.27.,

Currency...Gibraltar Pound..104.90 USD..1.26.,

Currency...Cayman Island Dollar..99.82 US Dollar..1.20

Currency...Swiss Franc..96.14 US Dollar..1.16.,

Currency...Euro...90.43. US Dollar..1.09.,

Currency..US Dollar..83.14 to US Dollar..1.00.,

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